How to save an Industry in trouble
The New Shipping Order and how shipping companies and shipping banks have to adjust to stay ahead
Moderator: Frank Dunne
Chairman
Watson, Farley & Williams LLP
Marine Money London Ship Finance Forum
Thursday 26th January 2012
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Panellists
Erik Eide Ship Finance International Ltd
CFO
George Elliott Naftilia Asset Management
CEO
Harald Kuznik
Advisor
Nikos Nomikos Cass Business School
Professor in Shipping
Risk Management
Michael de Visser NIBC Bank
Associate Director
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1. What structural changes are required in the Shipping Industry to create a healthy industry in the medium term?
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2. What sectors of the industry are under most threat? Do the Banks have bigger problems than the Owners ??
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3. What factors will restore the flow of credit to the Shipping Market? Are there risks of further diminution of credit for shipping or for general trade finance?
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4. What characterises the Shipping Companies which continue to be successful even in today’s environment. Are the survivors “lucky” or “smart”? wfw.com
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5. Must Banks team up with Export Credit Agencies and Chinese Banks to get the necessary “fire power”: What other methods can Banks employ to increase the supply of credit to shipping ?
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6. Is it sufficient for ship finance to be repriced in terms of Margin; Loan to value and overall risk? Or is traditional ship finance dead and a new order must be established?
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7. Speculation and short‐termism have blighted the Shipping Industry how can these demons be eradicated ?
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